Consolidation of a Real Estate Development Company (Tables)

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Assets and Liabilities Recognized in the Partnership's Consolidated Balance Sheet Related to Urbplan

The assets and liabilities recognized in the Partnership’s consolidated balance sheets as of December 31, 2015 and 2014 related to Urbplan were as follows:

	As of December 31,
	2015		2014
	(Dollars in millions)
Receivables and inventory of a consolidated real estate VIE:
Customer and other receivables	$	71.8	$	91.5
Inventory costs in excess of billings and advances	71.8		72.4
	$	143.6	$	163.9
Other assets of a consolidated real estate VIE:
Restricted investments	$	14.6	$	36.8
Fixed assets, net	0.8		1.8
Deferred tax assets	8.4		12.9
Other assets	23.8		34.9
	$	47.6	$	86.4
Loans payable of a consolidated real estate VIE, at fair value (principal amount of $125.6 million and $243.6 million as of December 31, 2015 and 2014, respectively)	$	75.4	$	146.2
Other liabilities of a consolidated real estate VIE:
Accounts payable	$	14.5	$	26.1
Other liabilities	69.9		58.8
	$	84.4	$	84.9

Revenues, Expenses and Net Losses Recognized in the Partnership's Consolidated Statement of Operations Related to Urbplan

The revenues and expenses recognized in the Partnership’s consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013, since commencement of consolidation on September 30, 2013, related to Urbplan were as follows:

	Year Ended December 31,
	2015		2014		2013
	(Dollars in millions)
Revenue of a consolidated real estate VIE:
Land development services	$	80.0	$	56.4	$	0.4
Investment income	6.8		13.8		7.1
	$	86.8	$	70.2	$	7.5
Interest and other expenses of a consolidated real estate VIE:
Costs of services rendered	$	48.5	$	41.9	$	—
Interest expense	40.9		37.2		12.9
Change in fair value of loans payable	9.2		47.1		13.0
Compensation and benefits	10.7		11.2		2.7
G&A and other expenses	35.3		37.9		5.2
	$	144.6	$	175.3	$	33.8

Outstanding Principal Amounts on Loans

Outstanding principal amounts on the loans based on current contractual terms are payable as follows (Dollars in millions):

2016	$	25.7
2017	13.5
2018	10.9
2019	12.4
2020	14.0
Thereafter	49.1
	$	125.6